NBETvsEMLPETF Comparison
ETF 1
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
+0.1%
VS
ETF 2
EMLP
First Trust North American Energy Infrastructure ETF
This fund is part of
Infrastructure
+0.24%
Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) belongs to the Multiple Trends segment. First Trust North American Energy Infrastructure ETF (EMLP) is part of the Infrastructure segment. Both ETFs have the same top 3 sector exposures: Energy, Utilities and Industrials. NBET is more expensive with a Total Expense Ratio (TER) of 2.1%, versus 0.95% for EMLP. NBET is up 31.51% year-to-date (YTD) with +$18M in YTD flows. EMLP performs worse with 18.41% YTD performance, and +$271M in YTD flows. Run a side-by-side ETF comparison of NBET and EMLP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NBET vs EMLP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBET EMLP | +3.94%+4.67% | +2.66%-1.39% | +31.51%+18.41% | +34.49%+18.73% | +116.21%+84.36% | n/a+102.74% |
| Flows | NBET EMLP | +$4M+$6M | +$6M+$98M | +$18M+$271M | +$24M+$208M | +$13M+$431M | -+$473M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBET EMLP | +17.45%+10.95% | +15.76%+10.93% | +17.62%+12.79% | n/a+14.47% |
| Max drawdown | NBET EMLP | -7.74%-7.85% | -7.88%-7.85% | -17.36%-11.35% | n/a-14.41% |
| Max drawdown duration | NBET EMLP | 44d89d | 90d89d | 359d177d | n/a329d |
Trading data
NBET | EMLP | |
Last sale 10/26/2026 at 1:46 PM | $42.08 | $43.97 |
| Previous close 10/23/2026 | $42.08 | $43.83 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/26/2026 at 1:46 PM
Live
Closed
NBET | EMLP | |
|---|---|---|
| Last price | $42.08 | $43.97 |
| 1D performance | +0.00% | +0.32% |
| AuM | $55.74 M | $4.20 B |
| E/R | 2.1% | 0.95% |
Characteristics
NBET | EMLP | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | First Trust |
| Benchmark | - | - |
| N° of holdings | 30 | 56 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 6, 2022 | June 20, 2012 |
| ESG | Yes | No |
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Exposure
Countries
NBET
USA
95.59%
Other
4.41%
EMLP
USA
89.11%
Other
10.89%
Sectors
NBET
Energy
89.31%
Utilities
7.07%
Other
3.63%
EMLP
Energy
46.16%
Utilities
42%
Other
11.84%
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Diversification
NBET
Total weight of top 15 holdings out of 15
76.95%
EMLP
Total weight of top 15 holdings out of 15
52.5%
Top 15 holdings
Data as of August 31, 2026
NBET
Targa Resources Corp.
9.43%
Energy Transfer LP
7.89%
Enterprise Products Partners LP
7.52%
Cheniere Energy, Inc.
6.30%
DT Midstream, Inc.
6.17%
The Williams Cos., Inc.
5.25%
ConocoPhillips
4.68%
Chevron Corp.
4.50%
Western Midstream Partners LP
4.38%
Antero Midstream Corp.
3.84%
Clearway Energy, Inc.
3.82%
SunocoCorp LLC
3.67%
Antero Resources Corp.
3.48%
Occidental Petroleum Corp.
3.02%
ExxonMobil Holdings Corp.
3.00%
EMLP
Enterprise Products Partners LP
9.01%
Energy Transfer LP
7.63%
Plains GP Holdings LP
4.55%
MPLX LP
4.29%
National Fuel Gas Co.
3.96%
Kinder Morgan, Inc.
3.64%
PPL Corp.
2.60%
The Southern Co.
2.46%
ONEOK, Inc.
2.36%
ONE Gas, Inc.
2.25%
Duke Energy Corp.
2.19%
Entergy Corp.
2.10%
Sempra
1.86%
Cheniere Energy, Inc.
1.85%
American Electric Power Co., Inc.
1.75%
Frequently asked questions about NBET and EMLP
How have the NBET and EMLP ETFs performed in 2026?
As of October 23, 2026, NBET is up 31.51% year-to-date (YTD), while EMLP has returned 18.41%. That puts NBET better performer ahead so far this year.
Which ETF is attracting more investor money: NBET or EMLP?
Year-to-date, the NBET ETF saw +$18M in flows, compared to +$271M for EMLP.
Which ETF is more volatile: NBET or EMLP?
Over the past year, NBET had a volatility of 15.76%, while EMLP experienced 10.93%.
Which ETF is bigger: NBET or EMLP?
As of October 23, 2026, NBET holds $55.74 M in assets under management (AUM), while EMLP manages $4.20 B.
What sectors do the NBET and EMLP ETFs invest in?
NBET leans toward sectors like Energy and Utilities. Meanwhile, EMLP focuses on Energy and Utilities.
What are the top holdings of the NBET ETF and EMLP ETF?
NBET top holdings include Targa Resources Corp., Energy Transfer LP and Enterprise Products Partners LP. EMLP holds in its top three: Enterprise Products Partners LP, Energy Transfer LP and Plains GP Holdings LP.
Which ETF is more diversified: NBET or EMLP?
NBET holds 30 securities with 76.95% of its assets in the top 15. EMLP has 56 securities and a top 15 weight of 52.5%.
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Latest news about NBET & EMLP
How to Obtain Real Asset Exposure by Investing in Infrastructure ETFs
December 14, 2023
EMLP
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